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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Investments in real estate    
Land $ 663,946 $ 570,181
Buildings and improvements 736,470 710,277
Intangible assets 68,084 62,580
Total investments in properties 1,468,500 1,343,038
Accumulated depreciation and amortization (122,894) (109,357)
Net investments in properties 1,345,606 1,233,681
Properties held for sale, net 23,189  
Net investments in real estate 1,368,795 1,233,681
Cash and cash equivalents 4,481 14,208
Restricted cash 4,568 4,270
Other assets, net 32,909 26,822
Total assets 1,410,753 1,278,981
Liabilities    
Credit facility 21,000 51,500
Term loans payable, net 148,756 148,616
Senior unsecured notes, net 148,629 148,594
Mortgage loans payable, net 65,692 66,617
Security deposits 9,923 9,922
Intangible liabilities, net 19,739 3,485
Dividends payable 10,473 9,483
Performance share awards payable 8,742 10,739
Accounts payable and other liabilities 20,701 18,220
Total liabilities 453,655 467,176
Commitments and contingencies (Note 11)
Stockholders' equity    
Preferred stock: $0.01 par value, 100,000,000 shares authorized, and 1,840,000 and 1,840,000 shares (liquidation preference of $25.00 per share) issued and outstanding, respectively 46,000 46,000
Common stock: $0.01 par value, 400,000,000 shares authorized, and 52,362,553 and 47,414,365 shares issued and outstanding, respectively 524 474
Additional paid-in capital 911,662 766,229
Retained earnings
Accumulated other comprehensive loss (1,088) (898)
Total stockholders' equity 957,098 811,805
Total liabilities and equity $ 1,410,753 $ 1,278,981